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Home > For Sale > Commercial Properties
Listing ID: 770
Music Store for sale by Owner $450000 Sold We can finance it! Property Description WE DON?T DO ?ROCK N ROLL? WE DON?T DO ?RECORDS & TAPES? WE JUST DO EVERYTHING ELSE If You have wanted to own and operate your own Retail Music Store and Repair Shop. And have found out that Getting Started in this Business is the Hardest Part. This may well be YOUR opportunity of a Life Time .. +++ WHAT IS FOR SALE HERE +++ Inventory Pianos = Aprox. 80 in stock Digital Pianos and Keyboards = Aprox. 20 in stock BAND INSTRUMENTS = Aprox 200 in stock Lesson Books and Sheet Music = 100s and 100s Guitars, Amps, Microphones = some (a couple dozen or so) Accessories and Misc. = 1000s Customer Contact Lists of Years of Sales, Rentals and Tunings (for upgrade sales, News letters and flyers) (APROX VALUE OF INVENTORY $300,000) Repair Tools BAND INSTRUMENT REPAIR TOOLS (and much in Misc repair components) Piano Repair tools (and much in Misc repair components) (APROX VALUE OF TOOLS AND REPAIR COMPONENTS = $50,000) Fixtures Complete Computerized bookkeeping system (windows based = Works-Word- QuickBooks) Display Racks, Storage Shelves, Signage, Advertising displays (APROX VALUE OF Fixtures = $10,000) Suppliers Charles Walter- Belarus-UMI-Harris Teller-General Music Harris Teller-Frerees-LaPlaya-M&M- and many more Wholesale suppliers in good standing to supply ALL facets of the Music business As well as permission from ?some? to list their entire catalog on the Internet w/drop ship privilege (this facet of the business has NOT been promoted yet) (APROX VALUE OF SUPPLIERS = $Priceless) Properties 2 adjacent properties on main Hwy at downtown stop lights across from City Hall (Much room for expansion) (1) Retail Store (see Pics) (1) Retail-Repair Shop (w/upstairs apartment that needs complete remodeling) 13 YEARS AT THIS LOCATION 4 Years at prior Location Wonderful Parking Major Hwy exposure (around 10,000 vehicles per day) as well as the 2 lane Hwy #23 scheduled to be upgraded to 4 Lane (although bypassing the downtown of the city it will connect this city with near by Regional Hub cities of (St. Cloud and Willmar) which will truly boost traffic, property values, and population (estimates are double in the next 10- 20 years in this area of the State) (APPRAISED VALUE OF PROPERTIES in 2001 = $160,000.00) ((Additional Warehouse facility (12,000sq ft) available)) Demographics of Region Farming and Industrial-Tourism and Recreational (15) K-12 Schools and (6) Colleges within 25mile radius Lakes-Lakes-Lakes Very Little to NO crime rate Tremendous Health Care Systems (6) Hospitals - (dozens) of Clinics (APROX VALUE OF lifestyle in this area $Priceless) Employees Two (2) trusted and knowledgeable Men (1) with 13 years experience in all facets of this business (Concordia Grad) and one with 1 years exp. (and an extremely strong back) as well as Myself (willing to work for several months to make the transition period smooth) and willing to stay on (if You desire) for Piano Deliveries, Repairs, Tunings-Band Instruments REPAIRS-Sales and all other facets of the business I-(we) will be Keeping the Pipe Organ portion of the business Advertising Internet (pianospl.com = Domain) 13 years exposure (FrontPage based) Roadside signs (All main Hwys in All directions =APOPT a Highway) DOT sign permit... Generates $2,700.00 annually with off premise leases Reason for Selling Age and Health concerns making me wish to spend the bulk of the my time over the Next few years at Property, which we own in Nevada. A NO COMPETE CLAUSE will be in force and all residual client contacts will be referred directly to You? (Final details of this arrangement will be spelled out prior to signing of final contact (For Purchaser-Seller-and Trusted Employees) TOTAL SALE PRICE for BUSINESS AND PROPERTIES $450,000.00 (in the event of multiple inquiries the business will go to the Highest Bidder over this listed figure at the discretion of Seller and Signature on Sales Contract Agreement will be Final. Financing $85,000 down will get complete financing for qualified buyer (Home equity will be considered for this down payment) Contact Information Contact person: Mike C Seller type: Private Owner Owner Finance: MLS: Phone: Log in to view Address: Log in to view City: Paynesville State/Province: Zip/Postal Code: 56362 Country: Listing Information Type: Commercial Property Listing Status: Sold Price: 450000 Bedrooms: Bathrooms: Stories: Square Feet: Lot Size: Age of Home: Additional Feature: Appliances: Benefits: Planning to Sell or Buy a Home? Compare REALTORS® First. It's Fast and Free!